Qualifying contributions
32.—(1) A payment is a qualifying contribution if—
(a)it is made by a registered person to an approved body;
(b)it is made subject to a condition that the body shall spend the sum paid or any income derived from it or both only in the course or furtherance of its approved objects;
(c)the requirements of paragraph (2) below have been complied with in relation to that payment; and
(d)it is not repaid to him in the same accounting period as that in which it was made.
(2) A person claiming credit arising under this Part shall make a record containing the following information—
(a)the amount and date of each payment he has made to an approved body;
(b)the name and enrolment number of that body.
(3) Where any qualifying contribution or income derived therefrom is transferred to a body as described in regulation 30(2)(d)—
(a)the body to whom the sum is transferred shall be treated for the purposes of this Part as having received qualifying contributions of that amount; and
(b)that body shall be treated accordingly as having received qualifying contributions from the person or persons from whom the body making the transfer in fact received them (but this shall not give rise to any further entitlement to credit in respect of those contributions).